$FET

Asset: FET (Fetch)

Liquidation Type: Short Position

Liquidated Amount: $60.2K

Liquidation Price: $1.516

Explanation:

1. Short Liquidation: This indicates that traders betting on the price of FET decreasing were forced to exit their positions because the price rose to $1.516, triggering the liquidation.

2. Liquidation Events: These occur when a trader's margin (collateral) is insufficient to cover their position after significant price movement against it. For short traders, liquidations happen when the price increases beyond a critical point.

3. Market Implications:

Liquidation of shorts often contributes to upward price pressure, as it forces the short positions to buy back the asset.

Such events can reflect increasing

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